Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h −0.040%

Price spread now: Binance against 01 Exchange−0.253%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.253% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 4.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	146.18	−0.0160	get 0.0020% / 1h	19m 16s	$11K	$2K	5x
Short	Binance AAVEUSDT	145.81	0.0021	get 0.0021% / 8h	7h 19m	$66.1M	$183.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.253%Rate

Funding earned: $38.05
Price spread: −0.253% → 0.000%: −$25.31
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.26
Costs to cover: 0.170%
Break-even: 7.8 days

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.34 bp	7.3 bp −$7	17.9 bp −$179	44.9 bp −$4,492	172.6 bp −$86.3K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AAVEUSD	−0.0185%	1h	146.01	−0.116%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSDlong	−0.0160%	1h	146.18	long leg	$11K	$2K	5x
SoDEX AAVE-USD	−0.0094%	1h	145.90	−0.192%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.05	−0.089%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.28	+0.065%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.12	−0.041%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.58	+0.274%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.13	−0.034%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0009%	8h	146.07	−0.075%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	146.12	−0.041%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDTshort	+0.0021%	8h	145.81	−0.253%	$66.1M	$183.6M	75x
Phemex AAVEUSDT	+0.0033%	8h	145.92	−0.178%	$4.2M	$3.8M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.307%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.05	−0.090%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.02	−0.109%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.80	−0.260%	$17.9M	$66.2M	50x	as long as short
Bybit AAVEUSDT	+0.0068%	8h	145.81	−0.253%	$62.4M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.260%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	146.04	−0.096%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	−0.053%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.03	−0.104%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.14	−0.029%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.14	−0.029%	$799K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.20	+0.014%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.06	−0.082%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.15	−0.018%	$334K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.17	−0.007%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.120%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.16	−0.014%	$10.4M	$8.9M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.89	−0.198%	$30.2M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.08	−0.068%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.26	+0.055%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.178%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.194%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.205%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	−0.034%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.06	−0.086%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.188%	$711K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.98	−0.136%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.21	+0.017%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.13	−0.035%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	+0.157%	$785K	$2.9M	50x	as long as short